Press Release October 24, 2007

Inverness Medical Innovations to Acquire Alere Medical

Waltham, MA, Oct. 24, 2007 – Inverness Medical Innovations, Inc. announced that it has entered into an agreement to acquire Alere Medical, Inc., a leading provider of health and care management services helping patients with chronic illnesses manage their conditions through a unique combination of at-home monitoring, patient education, and nurse-patient relationships. The purchase price is $302 million, comprising approximately $125 million in cash and $177 million in Inverness common stock. Alere’s 2007 revenues are expected to approximate $77 million.

The transaction is expected to close prior to the end of the calendar year, subject to satisfaction of regulatory and other customary closing conditions.

Goodwin Procter LLP provided legal counsel to Alere, led by attorneys Kevin Dennis, James MatareseTracey Revellino and William Walt.

About Goodwin Procter
Goodwin Procter LLP is one of the nation’s leading law firms with more than 850 attorneys in offices in Boston, Los Angeles, New York, Palo Alto, San Diego, San Francisco, and Washington, D.C. The firm’s core areas of practice are corporate, litigation and real estate, with specialized areas of focus that include financial services, private equity, technology, REITs and real estate capital markets, intellectual property and products liability.